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In reply to the discussion: 47% of today’s jobs could be automated in the next two decades [View all]HughBeaumont
(24,461 posts)36. I'm all for a Guaranteed Minimum Income. Even Milton Friedman suggested it.
My question is: short of taxation levels that would send this nation's petty and selfish wealthy to exile in droves and diminishing tangible work opportunities that drive tax revenue thanks to automation and profiteering, where's the money going to come from to make it happen?
I would shudder to think what would happen if the consumption tax (FairTax) comes into fruition. It's bad enough that higher education and reasonable health care is slowly being reserved for the wealthy . . . we don't need more roadblocks.
Does entrepreneurship die due to lack of capital also? Small businesses are mostly localized niches to start off with, and they're the first to go in a contraction.
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I think the point is, "the next few decades" is the entire working lifetime for 1-2 generations.
phantom power
Jan 2014
#9
not really- they had an almost monopoly on sales/ service of consumer photography
bettyellen
Jan 2014
#18
If I work fewer hours, I get paid less. I want more overtime, not less straight-time.
NBachers
Jan 2014
#32
Frankly I think that's too optimistic, there are going to be far more jobs eliminated than that n/t
Fumesucker
Jan 2014
#23
I'm all for a Guaranteed Minimum Income. Even Milton Friedman suggested it.
HughBeaumont
Jan 2014
#36
Productivity improvement without a strong mechanism to spread the benefit is a recipe for failure.
lumberjack_jeff
Jan 2014
#29
As a society we MUST address the needs of the people who used to have those jobs
SoCalDem
Jan 2014
#35